Tunisia: Financial System Stability Assessment Update
International Monetary Fund
No 2006/448, IMF Staff Country Reports from International Monetary Fund
Abstract:
From the 2002 Financial Sector Assessment Program (FSAP), a number of structural reforms have been carried out in the financial system. A number of measures have been taken in the regulatory, fiscal, and legal areas to improve credit quality and financial transparency. The stress test confirms the system's vulnerability to a sharp fall in real estate business. The banking sector plays a predominant role in financing the economy. New regulations requiring banks to strengthen credit evaluation and approval procedures are discussed. Measures have been taken to liberalize the capital account.
Keywords: ISCR; CR; central bank; interest rate; interbank market; credit risk; capital adequacy ratio; financial system; foreign currency; development bank; operating income; C. bank regulation; bank portfolio; credit policy; a number of bank; bank capital; credit portfolio; capital base; equity capital; bank board; bank assets; Loans; Nonperforming loans; Commercial banks; State-owned banks; Collateral (search for similar items in EconPapers)
Pages: 34
Date: 2006-12-29
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